The company’s products, such as railway ties — used as a base for railway tracks — and utility poles, are used by railroad, electric utility and telecom companies for regular maintenance and new projects.

“Despite recent volatility in the macro-economic environment, we expect demand for our core products to remain solid in the fourth quarter of 2011,” Chief Executive Brian McManus said in a statement.

The Montreal, Quebec-based company’s shares, which have risen more than a fifth this year, closed at C$39.75 on Thursday on the Toronto Stock Exchange. (Reporting by Aftab Ahmed in Bangalore; Editing by Viraj Nair)